- Release money from your house
- You don’t need to make monthly payments
- Use the money to help your family buy their first home
- Continue to stay in your property for as long as you like
- Can be a vehicle to reduce tax bills
Its often found to discover individuals searching for monthly payment lifetime mortgage, interest-only lifetime mortgages or home reversion schemes, however, Legal and General like AA equity release are keen to see paperwork to show your situation in the form of investment statements.
Equity Release UK Lenders
- Key Retirement
- Bridgewater
- Age Partnership
Applications of Home Reversion Schemes
Could be used to help tax planning and interest rates can be quite low. Help a member of your family buy their own home that they couldn’t afford otherwise or pay off your debts like loans and credit cards, so you have lower monthly outgoings.
What percentage can be released?
- 60% monthly payment equity release Royal London Equity Release
- 55% loan to value monthly payment equity release Key Solutions
- 25% loan to value lifetime mortgage with flexible drawdown cash release Yorkshire Building Society
The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold flat with share of freehold and if the resident is an Owner Occupier Primary Residence.
Equity Release Lenders
It’s very regular to find individuals seeking out monthly payment lifetime mortgage, monthly payment lifetime mortgage or home reversion plans, however, Key Retirement like The Exeter Equity Release is eager to see paperwork to show your situation in the form of pension statements.
- More 2 Life Capital Choice Plus Plan
- Canada Life Voluntary Select Gold
- Stonehaven Interest Select Plan
- HSBC Equity Release Plans
- TSB Equity Release Schemes
- More to Life Flexi Choice Voluntary Payment Super Lite
- Royal Bank of Scotland Interest Only Lifetime Mortgage
- Nationwide Equity Release
- HSBC Equity Release Plans
- More 2 Life Flexi Choice Drawdown Lite Plan
- NatWest Interest Only Lifetime Mortgage
- Aviva Equity Release
- More2Life Capital Choice Plan
- L&G Legal & General Flexible Plus Lifetime Mortgage
- HSBC Equity Release Plans
- TSB Equity Release Schemes
- Barclays Equity Release Schemes
- NatWest Equity Release Schemes
- Saga Lifetime Mortgage
- Aviva Lifetime Mortgages for Pensioners
- L&G Legal & General Flexible Plus Lifetime Mortgage
- Liverpool Victoria LV= Lump-Sum Plus Lifetime Mortgage
- Equity Release Aviva
- HSBC Equity Release Interest Rates
- Equity Release Mortgage Under 55
- Sun Life Drawdown Lifetime Mortgage
- Crown Interest Only Lifetime Mortgages
- Royal Bank Of Scotland Drawdown Lifetime Mortgage
- Equity Release Yorkshire Building Society
- Canada Life Equity Release Plans
- Norwich Union Equity Release Interest Rates
- Saga Lifetime Mortgage
- More2Life Home Reversion Plans
- Lifetime Mortgages Scottish Building Society
- L&G Lifetime Mortgages
- Lifetime Mortgage Rbs
- Yorkshire Bank Equity Release Advisor
- More 2 Life Equity Release Interest Rates
- Equity Release Natwest
- Pure Retirement Equity Release Reviews
- L&G Lifetime Mortgage
- Lloyds Bank Home Reversion Plans
- Just Equity Release
- Lifetime Mortgages Lv
- Keyretirement.Co.Uk
- Retirement Advantage
- Lifetime Mortgages Lve
- Lloyds Drawdown Lifetime Mortgage
- Hodge Interest Only Lifetime Mortgages
- Marsden Building Society Lump Sum Lifetime Mortgages
- Lifetime Mortgages One Family
- Under 55 Equity Release
- Lifetime Mortgages Santander
Downsides of Home Reversion Plans
Home reversion schemes can reduce the value of your estate. Monthly payment equity release may impact the ability to claim benefits. You may need to pay a solicitor’s fee, and you could be exposed to changes in interest rates with some products.
What percentage can be released?
The more aged you are, and the sicker you are, the more money you can release.